The inaugural edition of M&A Pulse, BSMAC’s biweekly dealmaking insight, captures key developments from April 7 to 20, 2025. This issue spotlights strategic moves across Financial Institutions, Technology & Media, Industrials, and beyond. Featured transactions include Banco BPM’s bid for Anima Holding, signaling renewed consolidation in Italian asset management, and cross-border activity in TMT, led … Continue reading M&A Pulse #1 (April 7–20, 2025): Strategic Trends Across FIG, TMT & Industrials
Author: bsmac
Italian Banking Chessboard – Part II: Countermoves and Consolidation (Mar–May 2025)
After months of announcements and unexpected developments, the Italian banking industry is still at a pivotal turning point, from contested takeovers to strategic countermoves reshaping the sector. In this follow-up to our previous Banking Chessboard presentation, we explore its latest chapter with the insights from professionals including:• Eugenio Morpurgo – CEO, Fineurop Soditic• Francesco Perrini … Continue reading Italian Banking Chessboard – Part II: Countermoves and Consolidation (Mar–May 2025)
Italian Banking Chessboard – Part I: Strategic Openings (Jan–Feb 2025)
UniCredit, Commerzbank, Banco BPM, Anima, MPS, Mediobanca, Generali, Unipol, BPER and Banca Popolare di Sondrio are just few of the key players caught in the ongoing banking chessboard. But what are the calculated moves and the drivers behind this surge in M&A activity in such a highly regulated sector? And what does it mean for … Continue reading Italian Banking Chessboard – Part I: Strategic Openings (Jan–Feb 2025)
Restricting Corporate Takeovers
Introduction In recent years, Italy has strenghtened the availability of tools for companies to protect from undesired acquisitions. Two core mechanisms emerge: Golden Power and internal anti-takeover solutions, mainly Increased Voting Rights. In the evolving M&A landscape, understanding how these tools work and interact is essential for getting a better picture of the mechanisms behind … Continue reading Restricting Corporate Takeovers
Prosus acquisition of Just Eat Takeaway.com: creating the fourth-largest food delivery group worldwide
DOWNLOAD PDF Prosus, one of the biggest technology investment companies in the world, has proposed to acquire Just Eat Takeaway.com, aiming to give birth to one of the principal global players in the food delivery sector, expanding its capillary presence in Europe, North America, South America, and many other key areas, with millions of active … Continue reading Prosus acquisition of Just Eat Takeaway.com: creating the fourth-largest food delivery group worldwide
On Recursion–Exscientia and The Long Game of Reinventing Drug Discovery
DOWNLOAD PDF Introduction Although improvements in medical technology have accelerated at breakneck speed over the past decades, drug discovery has been seemingly inverting this trend. Since the 1950s, the chances of a drug successfully passing clinical trials and becoming a new molecular entity (NME) have been steadily declining. This was the observation that researchers at … Continue reading On Recursion–Exscientia and The Long Game of Reinventing Drug Discovery
The Failed Japanese Alliance: Nissan and Honda’s Collapsed Merger Talks
DOWNLOAD PDF Introduction On December 23, 2024, Nissan and Honda announced a memorandum of understanding to explore a merger by 2026, aiming to create the world’s third-largest automaker. The goal: combine R&D, electrification, and autonomy efforts to compete with rising EV giants like BYD and Tesla. But by February 2025, talks collapsed over governance disputes—particularly … Continue reading The Failed Japanese Alliance: Nissan and Honda’s Collapsed Merger Talks
A Review of Trends and Risks in Mergers and Acquisitions
Introduction M&A is one of the most crucial growth strategies for many firms. The industry is estimated to surpass $4 trillion in deal volumes in 2025, a 15% increase from the last year. Such a huge industry is obviously associated with major risks and trends, which shape its landscape significantly. In this article I’ll be … Continue reading A Review of Trends and Risks in Mergers and Acquisitions
BBVA’s bid on Banco Sabadell: a further step towards European consolidation
DOWNLOAD PDF On May 9th 2024, BBVA announced its hostile takeover bid for Banco Banco de Sabadell, aiming to acquire a 100% stake in an all-share offer valued at €11.38 billion. The acquisition could potentially create Spain’s second-largest bank surpassing the more renowned Santander. The proposed merger is expected to generate €850 million in annual … Continue reading BBVA’s bid on Banco Sabadell: a further step towards European consolidation
Bocconi Students M&A Circle 
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